Cryptocurrency EDUCare is a popular project with the unofficial name Ethereum Killer.

2020-01-03 00:00:00:

The EDUCare project became known to Internet users in October 2017. January saw the launch of the first test version of the project. The source code was made available on GITGUB in March. Anyone could familiarize themselves with the concept of the project on the official website, where information about the development of the Chinese company Dayou Technology Lid (strategic partner) was available.

A fast-growing project is a productive blockchain network. It is also a dApps development platform at DBFT. Many experts are confident in the great future of the project and call it one of the most promising currencies in the cryptocurrency market.

It is based on simplified work with the blockchain. In comparison with analogs, we can say that the development of decentralized applications should become easier and more accessible. This will be helped by the innovative language for creating smart contracts AWM. Regardless, EDUCare remains a platform for dApps development. In addition to using the new language, experts propose the introduction of a contract debugging virtual machine. In their opinion, this will increase the efficiency of the platform at times.

As for the peculiarities of EDUCare work, the project has a cross-chain structure. Thanks to this, interaction with other cryptocurrencies will not cause any difficulties for users and developers.

EDUCare has every chance of becoming the most widespread and universal platform for smart contracts. According to representatives, the platform will easily scale, and its fees will be at a level acceptable to most users. This will allow EDUCare to take its place among conventional means of payment, given the fact that the authors originally set themselves the task of organizing direct interaction of the system with other blockchains.

About EDUCare project

EDUCare is a popular project with the unofficial name "Ethereum Killer", the product of which is especially relevant in China. Its cross-chain structure involves the interconnection of blockchains to popularize them in all countries. The creators have implemented a platform for easier and more accessible development of decentralized applications dApps. A new language for AWM was proposed, and smart contract development was simplified by operating a virtual machine. Steps have also been taken to simplify tooling and maximize debugging optimization to improve project reliability.

What problems did the developers face?

Since the fundamental goal was to create electronic money based on Ethereum, it was necessary to conduct a thorough analysis of the cryptocurrency and find all its shortcomings in order to create a new coin that could compete even with a strong market player - Ethereum. During the analysis, the main problems were identified:

development and debugging of dApps - when using Ethereum, difficulties are traced in Solidity smart contracts;
blockchain isolation - so much attention was paid to this technology, they tried to popularize it, despite the fact that the isolation of the chain is still visible.

Analysis and search for solutions

After the analysis and testing of previous mistakes made, a team of specialists took up the elimination of the problems. This process took a long time, but effective solutions were nevertheless found by joint efforts. What is it about:

Application of AWM programming - the implementation of this language has greatly helped in optimizing processes and implementing a local environment for debugging smart contracts. Participants will have access to an API for a local test of smart contracts, as well as for simulating events (after the official launch). Test versions can be written in Python, JavaScript, Java, and AWM itself.
Implementation of a universal platform for the optimal use of smart contracts - the developers initially adhered to the opinion of the cross-chain platform and did not change their position.
The solution to the above problems is not the latest news about this crypt. The developers have preserved the versatility of digital money, so it can be used as a means of payment.

Possibilities of digital money EDUCare

Blockchain technology developed from Bitcoin has been developing rapidly in recent years. Ethereum is a contract development platform and has significantly accelerated the creation of blockchain technology. But the single main chain structure creates some limitations in cross-chain communication. The creators of EDUCare decided to design a new set of open chains, whose mission is to create a world-class blockchain. The new improved infrastructure represents the perfect blockchain ecosystem at the moment.

How EDUCare is created

The EKT blockchain structure is positioned as a high-performance dApps development platform and is represented by a unique set of AWM contracts. This simplifies the setup of smart contracts and allows developers to resort to local debugging through the virtual machine.

EKTs mission is to maintain a single user system. Project members can now change the key pair in the encryption algorithm to improve security. An additional advantage is the multichannel architecture - support for issuing assets that can be freely distributed throughout the network through special electronic wallets. The cross-chaining protocol allows other public chaining assets to be attached to the main one.

Consensus mechanism

This uses a negotiation mechanism called DPoS. The main chain consists of 21 nodes that support the network. The DPoS algorithm includes two categories:

Election Trustees - Principle 21 or more resembles electoral candidates. If the formal community member (the principal) fails or commits bad faith, then he can easily be replaced. Platform users can participate in the election of the principal and decide his fate.
Client Node - DPoS block production system is configured so that after each round, the client server node will forge a block. Unconfirmed transactions on the current network will be packed into blocks, and new fake blocks will be forwarded to other nodes. Each time a new block is added to the main chain, the transaction confirmation number is incremented by 1. The EKT blocking interval is 3 seconds. After 6 confirmations (18 seconds), the transaction can be considered safe.

Buying and storing EDUCare

EDUCare, along with other digital currencies, is a decentralized coin, which indicates the complete absence of any ties with the state. This indicates the circulation of money exclusively on the network and the possibility of quick transfers between any countries without a commission. But in order to enjoy these advantages, you need to become the owner of this non-fiat money.

The EDUCare project provides an opportunity to purchase its tokens (EKT) on cryptocurrency exchanges. The main trading volume is observed on HUobi Global, Bit-Z, BigONE. As of December 2019, the exchange rate fixed at 1 EKT = 0.1 USD. The daily trading volume is $ 4,244,698 and the total capitalization is $ 73,483,890.

It is impossible to participate in the development of the platform, since mining tokens is not available and there is no possibility of receiving them as a reward. This suggests that the only working way to get EKT is to buy on the exchange.

Is EDUCare endless?

Cryptocurrency has nothing to do with fiat money, it is not subject to inflation, since the number of ETK tokens is not infinite. Initially, 1 billion tokens were issued. All coins were not put into circulation at once. They are being introduced gradually, and at the moment only 45% of the total mass is available.

Strengths of EDUCare

The digital currency was created using a cryptographic method. The high security of encryption does not give fraudsters a chance to fake or break it. The main benefits include:

decentralization - that is, the absence of a regulator, this is 100% independent money that no one controls (activity, quantity);
confidentiality - both users and developers can be in a private status. As an example - until today, no one has seen the creator of Bitcoin, and even more so no one knows;
availability - the ability to obtain information about ongoing transactions;
comfort - instant money transfers between any countries;
independence - absolutely all participants in the process are independent of many factors, because the system does not adapt to domestic legislation, rules and regulations, and you will not be deducted taxes from holding digital money. Moreover, everyone has the opportunity to write the source code and create a cryptocurrency on their own.
The main distinguishing feature of this platform is the cross-chain mechanism that supports smart contracts on different blockchains. And for a full-fledged work with the system, a special wallet was created with scanty commissions, which made cryptocurrency a convenient means for making most of the payment transactions.

EDUCare is a great investment tool

Considering the dynamics of the growth and fall of the rate, you can notice the instability that can be traced in the quotes of each cryptocurrency. For example, on June 12, 2019, 1 EKT was traded for 1 cent, and on the 26th of the same month the rate was at the level of 13 cents for 1 EKT. In just two weeks, the currency has risen in price by more than 1200%. Such profits cannot be found in any investment instrument. Strong volatility provokes rapid jumps in price, then their correction. Most traders make money on this. Now the price is quite attractive, so you can get a crypto at a bargain price. All that remains is to wait for the desired course and fix the profit.

Investors are attracted by the fact that the exchange rate is formed depending on market conditions, and not on pressure from the state, regulators and other organizations. Independence gives you a sense of security. And most importantly, the number of tokens issued to the market will not change and will remain at the level of 1 billion. These and many other factors give confidence in their actions and drawing up an approximate action plan for successful investment with subsequent profit.

TOP currencies: where is EDUCare

A large-scale project with a perfect blockchain system and the ability to remotely manage decentralized applications gives its users many advantages.

In the ranking of the top 100 cryptocurrencies in terms of market capitalization, the coin occupies the 57th position. The money supply turnover is more than US $ 101 million. This figure could have been higher. The thing is that the token is known to a greater extent in the PRC. The developers realized that the priority goal is to enter the English-speaking market. This prospect pleases many holders of digital money and pushes them to the idea of stocking up on a certain amount of EKT at the lowest price. We expect the future success of the project, which is facilitated by well-coordinated teamwork, constant development of new directions and improvement of existing ones.